Semiconductor quantum dots (QDs, or nanocrystals), are very bright chromophores that possess unlimited potentials in alternative energy generation and for biological sensing and imaging applications. Our group has made advances in the synthesis QDs to produce 100% efficient emitters; furthermore, we can dope the semiconductor with guest ions to alter the bandgap. We recently invented a method to dope each quantum dot with an exact number of guest ions, a feat that was previously considered impossible. As very bright fluorophores, quantum dots are ideal for biological imaging and sensing. Our first contribution in this regard was to develop methods of chemical and biological functionalization of water-soluble quantum dots as many existing methods either quenched the QDs or had very low reaction yields. We have circumvented these problems by synthesizing polymers which serve as QD functionalization reagents; the polymer – QD activated intermediate has increased stability and allows us to conjugate chemical and biological vectors to the nanocrystals with ~100% reaction yields. We use these methods to functionalize QDs with organic fluorophores that can report on the local chemical and biological environment. We have synthesized several ratiometric, or “self-calibrating” sensors, for pH, toxic metals, DNA, and proteins. In our recent work on protein sensing, we have developed an all optical method for sensing un-labeled proteins with a better detection limit than any currently existing technology. We have also circumvented the well-known problem of cytocellular delivery of quantum dots into live, adherent cells.